Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Cannon Trading / E-Futures.com
Buy signal from yesterday morning reached first target of 1341.70 and we closed right around this level.
Will be interesting to see if we will continue to 1353 or is this the extent of the bounce…time will tell!
Daily mini S&P trading chart screenshot from today May 19th 2011
Economic Reports Wednesday May 20th, 2011
No reports tomorrow but we have stock equity options expiring as well as May futures Index options expiring ( May mini Sp 500 options, big SP, May Dow Jones options etc.)
Economics Report Source: http://www.forexfactory.com/calendar.php
This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!